IOH iron ore holdings limited
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ann out 600mt high grade iron, page-4

  1. doctornoh
    2,486 Posts.
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    15/10/10
    15:44
    Post #: 7336742
    current resource 600mt.

    current market cap $1.60 at 140m shares including oppies is $224m.

    That implies a resource per tonne value of 37cents a tonne.

    UMC takeover value $1.25 a tonne at comparable grades.

    What gives Mr Market?
    IOH Price at posting: $1.57 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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